Situation: $VIC has unlocked about 98.3% of the available tokens. This poses a challenge for maintaining rewards for Masternodes (which will be cut off after reaching 100M) - affecting stability and security.
Because everyone sees that the transaction fee on VIC is quite cheap, only from 0.00001$/tx - 500,000 tx per day
=> 120 nodes earn $5/day!!!
As you know, no one works for free, is that meager amount of money enough for them to maintain their Masternode electricity bill?
Result: Miner turn off Masternode and withdraw their VIC => VIC loses its decentralization => 51% attack => Hacked and dead
Miner turns off node => Sold their VIC => VICTION goes to 0$ and die
I think this proposal focuses on long-term benefits instead of immediate benefits
I commit to using my 3 masternodes to vote yes
By the way, I also have good suggestions for Viction
Proposal: EIP-1559 model to burn a portion of base transaction fees from transactions to reduce the amount of ETH in circulation.